Is 11435, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11435 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11435 was a Neutral Market.

Key Takeaway

11435 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11435, NY

How much do homes in 11435, NY cost?

Median Sold Price

$450,000

$346/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$100,500(+28.8%)

Key Takeaway

Homes in 11435 have sold for 28.8% more than they did a year ago.

Summary: The median home sold price in 11435 was $450,000 in November 2024, up 28.8% from last year, and the median price per square foot was $346.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $219K$222.5K
+1.6%
2 $294K$310K
+5.4%
3 $635K$675K
+6.3%
4 $817.5K$840K
+2.8%
5+ $1.1M$987K
-12.3%

Summary: 11435 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Zip Codes

11435
+28.8%
11436
+6.2%
11367
+1.2%
11432
-2.7%

Housing Supply in 11435, NY

How many homes are available in 11435, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
166164-1.2%

Summary: The 11435 real estate market had 164 homes for sale in November 2024, a 1.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5248
-7.7%
2 3435
+2.9%
3 2828
0.0%
4 1213
+8.3%
5+ 4040
0.0%

Summary: The 11435 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1316+23.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11435, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 11435 in November 2024, up by 23.1% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.

Days on Market for 11435, NY

How long does it take to sell a home in 11435, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
136 Days121 Days-11.6%

Summary: Homes in 11435 had an average of 121 days on market in Nov 2024, down by 11.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11435 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 16 homes were sold in 11435; 25% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 11435, NY

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